Alignment with international initiatives, standards and sustainability recognitions
Our stakeholders are becoming increasingly interested in sustainability including climate change-related management and performance. That’s why we provide credible and transparent information to different stakeholder groups through a variety of channels. To demonstrate our commitment, we report our sustainability information according to certain international reporting frameworks. We are committed to several external initiatives and we participate in a range of indices.
Metso’s integrated management system complies with the requirements of international standards for management systems. The majority of Metso’s major units are certified to ISO 9001 (quality), and the main operational units also have ISO14001 (environment), ISO 45001 or OHSAS18001 (safety) standards as a framework.
Metso supports TCFD framework
Metso is committed to sustainability transparency and disclosure. We support the Task Force on Climate-Related Financial Disclosures (TCFD) and its recommendations. In our 2022 Annual Report, we describe our climate change-related governance, strategy and risk management practices, aligned with the TCFD recommendations, as well as our metrics and targets to measure the impact.
The Task Force on Climate-related Financial Disclosures (TCFD) is a voluntary framework to help businesses identify, measure and report the financial implications of climate change. The TCFD is aiming to develop voluntary and consistent reporting about financial risks and opportunities caused by climate change. Currently more than 1,000 global organizations have declared support for the TCFD and the recommendations it has launched.
United nations and ILO commitments
Metso’s sustainability agenda and related action plans, targets and long-term goals are aligned with the UN Sustainable Development Goals (SDGs). We have integrated the most relevant Sustainable Development Goals into our sustainability agenda and targets.
Five SDGs have been identified as the most relevant areas where we want to demonstrate our impact during this strategy period. These are SDG 6: Ensure availability and sustainable management of water and sanitation for all; SDG 8: Promote sustained, inclusive and sustainable economic growth, full and productive employment and decent work for all; SDG 9: Build resilient infrastructure, promote inclusive and sustainable industrialization and foster innovation; SDG 12: Ensure sustainable consumption and production patterns; and SDG 13: Take urgent action to combat climate change and its impacts.
Metso is a supporter of the UN Global Compact. As a supporter, we are committed to annually communicating on the UN Global Compact website how we have advanced in the development of our activities in the defined areas. We are committed to complying with the UN Declaration of Human Rights and UN Guiding Principles on Human Rights.
Metso also supports and operates according to the principles described in the OECD Guidelines for Multinational Enterprises and the International Labor Organization’s (ILO) Declaration of Fundamental Principles and Rights at Work.
External sustainability recognitions
Being rewarded as a sustainability leader in our industry demonstrates that we have managed to continuously improve our sustainability performance. Our current ratings are:
- MSCI ESG Rating: AAA
- Constituent of the FTSE4Good Index Series
- CDP: A- for climate change leadership and B for tackling water security
- CDP Supplier Engagement Leaderboard